πŸ“Š Corporate Accounting
Q. Ordinarily ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are not available for the distribution of dividend.
  • (A) Revenue profits
  • (B) Capital profits
  • (C) Gross profit
  • (D) Net profit
πŸ’¬ Discuss
βœ… Correct Answer: (B) Capital profits
πŸ“Š Corporate Accounting
Q. Requirements given in part I of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ apply to Balance sheet
  • (A) Schedule I
  • (B) Schedule VI
  • (C) Schedule II
  • (D) Schedule V
πŸ’¬ Discuss
βœ… Correct Answer: (B) Schedule VI
πŸ“Š Corporate Accounting
Q. Requirements given in part II of ‐‐‐‐‐‐‐‐‐‐‐‐‐apply to statement of profit or loss
  • (A) Schedule III
  • (B) Schedule IV
  • (C) Schedule V
  • (D) Schedule VI
πŸ’¬ Discuss
βœ… Correct Answer: (D) Schedule VI
πŸ“Š Corporate Accounting
Q. Requirements given in part I of schedule VI apply to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) Income statement
  • (B) Statement of profit or loss
  • (C) Balance sheet
  • (D) Final accounts
πŸ’¬ Discuss
βœ… Correct Answer: (C) Balance sheet
πŸ“Š Corporate Accounting
Q. Requirements given in part II of the schedule VI apply to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) The Trading Account
  • (B) The Profit and Loss Account
  • (C) The balance sheet
  • (D) Final Accounts
πŸ’¬ Discuss
βœ… Correct Answer: (B) The Profit and Loss Account
πŸ“Š Corporate Accounting
Q. Final accounts of the companies is prepared under the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) Partnership Act 1932
  • (B) Insurance Act 1938
  • (C) Companies Act 1956
  • (D) Banking Regulation act 1949
πŸ’¬ Discuss
βœ… Correct Answer: (C) Companies Act 1956
πŸ“Š Corporate Accounting
Q. Companies have a statutory obligation to prepare final accounts required by section 210 of the companies Act ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) 1936
  • (B) 1932
  • (C) 1938
  • (D) 1956
πŸ’¬ Discuss
βœ… Correct Answer: (D) 1956
πŸ“Š Corporate Accounting
Q. Companies have a statutory obligation to prepare final Accounts required by section 210 of the ‐‐‐‐‐‐‐ ‐‐‐‐‐1956.
  • (A) Partnership Act
  • (B) Banking Regulation Act
  • (C) Insurance Act
  • (D) Companies act.
πŸ’¬ Discuss
βœ… Correct Answer: (D) Companies act.
πŸ“Š Corporate Accounting
Q. Companies have a statutory obligation to prepare final accounts required by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act 1956.
  • (A) Section 215
  • (B) Section 220
  • (C) Section 210
  • (D) Section 212
πŸ’¬ Discuss
βœ… Correct Answer: (C) Section 210
πŸ“Š Corporate Accounting
Q. Companies have a statutory obligation to prepare required by section 210 of the companies Act
  • (A) Trading account
  • (B) Profit and loss account
  • (C) Balance sheet
  • (D) Final accounts
πŸ’¬ Discuss
βœ… Correct Answer: (D) Final accounts